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Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

The online lender's client base grew tenfold in the past few years.

Ant Financial-backed MYbank gave out more than USD 290 billion in loans in the past four years | KrASIA

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Ant Financial-backed MYbank gave out more than USD 290 billion in loans in the past four years

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

https://secure.gravatar.com/avatar/e16f8bb2fa5cdbd713abae1f0caa6e53?s=96&d=mm&r=g

Luna Lin

In March, Bitmain said it would "restart IPO efforts at an appropriate time."

Bitmain reportedly seeks IPO in the US after failed attempt in Hong Kong | KrASIA

Bitmain reportedly seeks IPO in the US after failed attempt in Hong Kong

Hardware, in the context of technology, refers to the physical elements that make up a computer or electronic system and everything else involved that is physically tangible. 

Hardware

The city also produces 60% of industrial drones sold domestically.

Drones made in Shenzhen account for 70% of global consumer drone market | KrASIA

Drones made in Shenzhen account for 70% of global consumer drone market

Huawei Technologies Co. Ltd. is a Chinese multinational telecommunications equipment and consumer electronics manufacturer, headquartered in Shenzhen, Guangdong, China. The company was founded in 1987 by Ren Zhengfei, a former People's Liberation Army engineer.

Huawei

5G is a commonly used term for certain advanced wireless systems. Industry association 3GPP defines any system using "5G NR" software as "5G", a definition that came into general use by late 2018. 

Previous reports of a major dip in overseas sales may have been exaggerated.

Huawei ships 100 million smartphones globally as of May | KrASIA

Huawei ships 100 million smartphones globally as of May

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.

Tencent

Game for Peace now has 50 million daily active users.

Tencent to launch professional teams and tournaments for Game for Peace | KrASIA

Tencent to launch professional teams and tournaments for Game for Peace

Meanwhile, Huawei is selling its undersea cable business

Huawei says it will build undersea cable between Cambodia and Hong Kong | KrASIA

Huawei says it will build undersea cable between Cambodia and Hong Kong

Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

The food industry is booming! Both traditional companies and startups are using technology to transform the dynamics of the food sector.

Food Tech

The company added 140,000 crayfish merchants to its platform last year.

Meituan sold 45,000 tons of crayfish in 2018 | KrASIA

Meituan sold 45,000 tons of crayfish in 2018

Ride-hailing encompasses a range of companies and services, including traditional taxis and car services. 

Ride-hailing

These services will cover the Greater Bay Area - a megalopolis consisting of 11 cities in the Pearl River Delta.

Tencent-backed ride-hailing startup to start service this month | KrASIA

Tencent-backed ride-hailing startup to start service this month

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.